Finance & Investment
Prime Residential Buys Portland Community for $81M
BPM Real Estate Group sold the 261-unit property west of downtown in a transaction brokered by Institutional Property Advisors.
FCP Acquires Atlanta Asset for $30M
The community’s new owner assumed an existing $16.5 million Fannie Mae loan.
YMP Buys Louisville Community for $71M
The 690-unit garden-style property in the Fern Creek neighborhood last changed hands for nearly $53 million in 2017.
$350M Secured for South Bronx Development With 542 Affordable Units
The project is part of a Bronx residential building boom and Mayor De Blasio’s plan to add 300,000 affordable units by 2026.
GMF Capital Buys Tampa Community for $58M
Built in 2017, the 240-unit apartment building is located in the historic Ybor City neighborhood.
GSEs Extend Multifamily Forbearance Programs
Apartment operators with Fannie Mae and Freddie Mac loans will gain additional relief through March 31, while protections for renters will continue.
Berkadia Brokers $60M Phoenix Multifamily Sale
Ric Holway, Mark Forrester and Dan Cheyne closed the deal, while Clay Akiwenzie secured $42 million in acquisition financing.
Preferred Apartment Communities Makes $62M Orlando-Area Buy
A joint venture sold the recently completed, 281-unit luxury property.
Student Housing Real Estate: 2021 Prospects
In the second installment of our outlook series, three student housing experts weigh in on what to expect for the industry in the year ahead.
TruAmerica Multifamily Enters Texas Market
The company paid $63.5 million for a Class B community in Irving, Texas.